Bonus paid, NI & Tax.

BetsyBonita

This is the 2nd time I have been paid a ‘bonus’. The first time I got cash but this time my boss had paid me this with my wages. How do I work out how much I’ve lost due to NI & Tax? The amount paid is £320, my tax code is 1277L and my gross pay was £2518.80.
Thank you. 

Ayr_Rage

Bung your figures into this calculator and see the difference

https://www.thesalarycalculator.co.uk/salary.php

You haven't lost due to NI and Tax, you've paid what you owe just like everyone else with a job.

sheramber

If your  previous pay was £320 less than this pay then check how much tax and NI was deducted  last time compared to this time. 

TELLIT01

If you are monthly paid, and get the same amount each month, the calculation is simple.  Deduct the nett pay difference of the payslips from the stated amount of the bonus and that's your answer.

Savvy_Sue

What does your payslip say this time, and what did it say last time? Or were you bunged cash without it being recorded on your payslip? 

penners324

BetsyBonita said:

This is the 2nd time I have been paid a ‘bonus’. The first time I got cash but this time my boss had paid me this with my wages. How do I work out how much I’ve lost due to NI & Tax? The amount paid is £320, my tax code is 1277L and my gross pay was £2518.80.
Thank you. 

Better to not advertise that your employer may have been involved in a bit of tax evasion last year.

EnPointe

BetsyBonita said:

This is the 2nd time I have been paid a ‘bonus’. The first time I got cash but this time my boss had paid me this with my wages. How do I work out how much I’ve lost due to NI & Tax? The amount paid is £320, my tax code is 1277L and my gross pay was £2518.80.
Thank you. 

you have 'lost'  nothing . 

your previous 'cash bonus'  if not properly declared and  the tax and NI paid through payroll demonstrates Tax Evasion  by your employer and a failure to disclose income  to HMRC by yourself, which can result in penality charges / fines and criminal convictions for both parties